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2 bedroom apartment for sale
Flat 20 Regal Court, 72 Bishopsgate Street, Birmingham, West Midlands, B15 1EJ
£100,000
Flat 20 Regal Court, 72 Bishopsgate Street, Birmingham, West Midlands, B15 1EJ
£100,000
Our Summary
- For sale by Online Auction - 10th of December at 10:00
- Ground Rent £175 per year Service Charge £2400 per year Tenure Leasehold - 108 years remaining Legal PackA legal pack is a collaboration of important documents of the property or land that is going to be sold at auction
- Auction Information
- To view the auction information, click the Online Bidding button at the bottom of this advert or visit tcpa
- The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated)
- The seller of this property may consider a pre-auction offer prior to the auction date
- All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit
- To make a pre-auction offer we will require two forms of ID,
- For sale by online auction
Description
This is a two-bedroom apartment located on the second floor of the Regal Court development in Birmingham city centre. The property is being sold with tenants in situ, who are currently paying £1,200 per month, making it an attractive investment opportunity with a yield of 14.4% based on the guide price. The apartment benefits from a prime location, with nearby access to popular restaurants, bars, retail, and leisure facilities. The property is leasehold with 108 years remaining on the lease and is being sold with a ground rent of £175 per year and a service charge of £2,400 per year. The auction is being held online and the buyer will be required to pay a 5% deposit and a 5%+VAT buyers premium, with contracts being exchanged immediately after the auction.